The Fed's Bold Cut: Effects and Expectations
When my cousin was five years old, she cut her ponytail off while playing beauty shop. When her Mom went to take her hair out of the ponytail, the whole thing fell into her hand. Cutting hair isn’t bad unless you do it at the wrong time and the wrong depth. The Federal Reserve (Fed) just made its first cut of this cycle, and they took a big one.
The…
